Latin America and the Caribbean: Aluminium Tube Market 2024

Aluminium Tube Market Size in Latin America and the Caribbean

In 2022, the Latin American aluminium tube market increased by X% to $X, rising for the second year in a row after six years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Aluminium Tube Production in Latin America and the Caribbean

In value terms, aluminium tube production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Aluminium Tube Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of aluminium tubes and pipes increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium tube exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mexico (X tons), mixing up a X% share of total exports. Guatemala (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Guatemala increased by X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest aluminium tube supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports.

In Brazil, aluminium tube exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Aluminium Tube Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of aluminium tubes and pipes were imported in Latin America and the Caribbean; growing by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium tube imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by the Dominican Republic (X tons), committing a X% share of total imports. Argentina (X tons), Colombia (X tons) and Peru (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%) and Peru (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina, Mexico and Colombia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported aluminium tubes and pipes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Mexico ($X per ton), while Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :